563 Riverside AveElmiraNY14904
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Elmira at 563 Riverside Ave, Elmira, NY, 14904 offers $1,319/mo rent that, after a $656/mo payment, leaves $424/mo cash flow. Total monthly income is $1,319/mo, and annual cash flow is $5,088/yr on $44,421 cash. Return on cash invested measures 31.36% in year one, and rental yield stands at 11.81% at a $134,000 entry. Equity gained on principal adds $865/yr while 5% annual appreciation compounds into $37,022 by year five. Five-year ROI records 165.03% and total cumulative return in cash reaches $73,307. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,319/mo property income versus a $656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14904, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 3,759 (50.7%) |
| Renter Occupied HU | 2,813 (37.9%) |
| Vacant Housing Units | 841 (11.3%) |
| Median Home Value | $89,090 |
| Average Home Value | $123,986 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
6,333
Multi-Family
284
Businesses
274
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Listed by: Nancy Sterling • Warren Real Estate-Corning
Mls Name: ECMLS
Mls Provider:
Mls ID: #277928
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.